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Trying to get a Ferrari Loan in Wisconsin

Discussion in 'North Midwest - USA (ND, SD, MN, IA, WI, IL)' started by Thomas E Stark, Jan 6, 2020.

  1. Thomas E Stark

    Dec 11, 2019
    11
    Full Name:
    Thomas E Stark
    Okay, Found a F430 that I want to purchase and I'm having problems finding a local bank to finance 45K on a used F430 for 100K. Thats right I can put 55K down and the dealer said with my credit and large down payment shouldn't be a problem until he tried. A new car no problem but a used exotic car my local banks said when dont like giving out loans on high end cars. I about ****. In the mean time waiting on a line of credit which if I get could blow it on anything, no questions asked. What gives? Am i looking in the wrong place for money. Any advise would greatly be appreciated.

    Thanks Tom
     
  2. topcarbon

    topcarbon Formula 3

    Nov 3, 2006
    1,786
    Wisconsin/Illinois / Mexico
    Full Name:
    jason
    woodside 100%
    Ive used them and they are great
     
  3. Thomas E Stark

    Dec 11, 2019
    11
    Full Name:
    Thomas E Stark
    thanks I'm on it. New to the site how do I message a certain member
    thanks Tom
     
  4. topcarbon

    topcarbon Formula 3

    Nov 3, 2006
    1,786
    Wisconsin/Illinois / Mexico
    Full Name:
    jason
    click on their name
    and the next screen will show a place to click to start a conversation
     
  5. Thomas E Stark

    Dec 11, 2019
    11
    Full Name:
    Thomas E Stark
  6. Ianjoub

    Ianjoub Karting

    Dec 22, 2019
    78
    Homosassa, FL USA
    Full Name:
    Ian Joubert
    Wells Fargo is a motivated lender these days.

    I just bought my 2015 458 spider with 25% down at 5.61% for 75 months.
     
  7. Thomas E Stark

    Dec 11, 2019
    11
    Full Name:
    Thomas E Stark
    thanks Ianjoub
    I found a found a sweet F430, trying not to loose out on the deal
     
  8. RossoC360

    RossoC360 Formula Junior
    Rossa Subscribed Owner

    Jun 20, 2008
    319
    Buffalo NY
    Full Name:
    Jason
    EastMemphis and gt1995 like this.
  9. Thomas E Stark

    Dec 11, 2019
    11
    Full Name:
    Thomas E Stark
    thanks everyone for all your help, shouldn't be problem now.
     
  10. ASK328

    ASK328 Formula 3
    Rossa Subscribed

    Sep 23, 2005
    2,236
    MA
    Full Name:
    Andrew
    PenFed

    Woodside’s rates are much higher I believe.
     
  11. Meister

    Meister F1 Rookie
    Silver Subscribed

    Apr 27, 2001
    4,957
    Duluth, MN
    Full Name:
    The Meister
    Check with some credit unions. They are more flexible than banks
     
  12. imahorse

    imahorse Karting

    Nov 25, 2017
    240
    WI
    Full Name:
    Dustin
    I use marine credit union. They financed my 360. Never turned me down for any bizarre loan. They aren't the best bank, but if you really want a car (like I always find myself doing) they will finance it.
     
  13. jferrante

    jferrante Formula Junior
    Silver Subscribed

    Jul 9, 2016
    302
    Penfed.org or lightstream
    Lightstream cuts checks unsecured it's crazy, rates are higher

    Sent from my Pixel 2 XL using Tapatalk
     
  14. ferrame

    ferrame Formula 3

    Mar 2, 2005
    1,161
    Orange, Calif
    You can't go wrong with Penfed!! I have financed a few cars with them.
     
  15. blown94conv

    blown94conv Karting

    Feb 3, 2007
    146
    Berlin, CT
    Full Name:
    David
    I’ve used Penfed, very easy to work with and great rates.
     
    19633500GT likes this.
  16. Simon^2

    Simon^2 F1 World Champ

    Oct 17, 2005
    11,588
    At Sea Level
    USAA if you qualify. They don't care what you're buying.
     

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